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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $7,494 |
Filed as: WILLSHIRE ASSOCIATES INCORPORATED Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,830 | $39,898-35.3% | $121,220-78.7% | $55,725-53.6% |
| Participation rate | 7.1% | 61.2%-54.1pp | 71.8%-64.6pp | 70.9%-63.7pp |
| Annual return | 18.35% | -0.96%+19.3pp | 16.94%+1.4pp | 244.93%-226.6pp |
| Employer contribution / active EE | $0 | $1,295-100.0% | $4,023-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $457 | $2,439-81.2% | $3,345-86.3% | $3,356-86.4% |
| Admin fee / account holder | $197 | $95+107.4% | $5,021-96.1% | $115+71.2% |